Market has confirmed that it wanted to move lower to test the bottom of the channel.
Currently the RSI is holding below the support line, from here it go either way,
We are looking for the RSI to either move above the support line which would confirm upwards price move.
I do think that i will move higher, but that is just a prediction at this point, wait for the ...

As we can see the RSI passing back through previous resistance which tried to hold as support and failed now it is currently moving towards 50 line, this line in the past had held up as support. if it breaches and moves below indicates a bearish signal.
If it can hold or recapture the line with uniform activity = Bullish signal.
Our main MACD is moving closer to ...